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Government Sponsored Schemes

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For the upliftment of the downtrodden in society, the Government of India has implemented financial assistance in the form of subsidized loans. – PowerPoint PPT presentation

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Title: Government Sponsored Schemes


1
Government Sponsored Schemes
2
Government Sponsored Schemes
  • For the upliftment of the downtrodden in society,
    the Government of India has implemented
    financial assistance in the form of subsidized
    loans.
  • The individuals/ group of individuals who are
    eligible for these schemes are selected by
    various channelizing agencies and banks provide
    loans to these candidates sponsored by these
    agencies.

3
General guidelines
  • One family, One Subsidy For these Government
    sponsored schemes, only one candidate/family
    member from a family is eligible for the subsidy.
  • The candidate/ family member should not be a
    Government or a quasi government employee.
  • Certificate from concerned authorities is
    required for differently abled candidates.
  • These schemes are backed by interest/ capital
    subsidy from the sponsoring agencies.
  • No interest will be applied for subsidy amount
    and corresponding loan amount in case of backend
    subsidy.

4
Prime Minister's Employment Generation Programme
(PMEGP)
  • Objective
  • To generate opportunities by setting new
    self-employment ventures/ projects / micro
    enterprises.
  • To provide continuous and sustainable employment
    to unemployed youth in rural and urban areas.
  • To increase the earning capacity of skilled
    workers/artisans.
  • Eligibility Criteria
  • Any individual above 18 years of age.
  • No income ceiling to set up projects mentioned
    under this scheme.
  • Educational qualification Min 8th standard pass
    for projects costing Rs.10 lakhs and above in
    manufacturing sector and above Rs. 5 lakh in
    business /service sector.
  • Financial assistance under this scheme is
    available only for new projects (existing units/
    units already availed this subsidy not eligible).

5
Deen Dayal Antyodaya Yojana National Rural
Livelihood Mission (DAY-NRLM)
  • NRLM
  • DAY-NRLM was launched by replacing the existing
    Swarnajayanti Gram Swarojgar Yojana (SGSY) scheme
    w.e.f 1st April 2013.
  • The aim of this mission is to eliminate poverty
    by building strong institutions of the poor,
    particularly women and enabling these
    institutions to access a range of financial and
    livelihood services.
  • In this mission, women SHGs will be promoted on
    the basis of affinity unlike common activity as
    it was in the SGSY scheme.
  • Under this scheme, compliant women SHGs are
    eligible for interest subvention.
  • Subvention will be available in two ways across
    the country
  • Category I Districts In 250 identified NRLM
    intensive Districts, banks lend an aggregate loan
    amount up to 3.00lakh _at_7.00 p.a to all women
    SHGs. On prompt payment these SHGs will get
    additional interest subvention of 3.00, making
    the effective rate of interest to 4.00.
  • Category II Districts Interest subvention will
    be there till the extent of difference between
    the lending rates of the Bank and 7.00 for loan
    up to Rs. 3.00 lakh by the State Rural Livelihood
    Mission for all NRLM compliant prompt repaying
    women SHGs.

6
Deendayal Antyodaya Yojana- National Urban
Livelihood Mission (DAY-NULM)
  • NULM
  • This scheme was launched by replacing the
    existing Swarna Jayanti Shahari Rozgar Yojana
    (SJSRY) scheme w.e.f. 24th September 2013.
  • The main Objective of this scheme is to reduce
    poverty and vulnerability of the poor households
    in urban area by providing them access to
    gainful self-employment and skilled wage
    employment opportunities.
  • At least one member (preferably a woman) from
    each urban poor household should be brought under
    the SHG network in a time-bound manner.
  • Salient features
  • For beneficiaries, there is no minimum
    educational qualification required.
  • For loans up to Rs.10.00 lakhs, no collateral
    required
  • Repayment is within time period - 5 to 7 years
    after initial moratorium of 6-18 months.
  • Additional 3.00 interest subvention is available
    for prompt repaying women SHGs.
  • Maximum project cost covered under this scheme is
    Rs. 2.00 lakhs for individual micro enterprise
    and Rs. 10.00 lakhs for Group micro enterprise.

7
Self Employment Scheme for Rehabilitation for
Manual Scavengers (SRMS)
  • Manual scavenger are those persons who are
    engaged/employed for manually cleaning, carrying,
    disposing of, or otherwise handling human excreta
    in any manner.
  • Maximum Project Cost allotted is Rs. 10.00 lakhs
    and it is Rs.15 lakh in case of sanitation
    related projects like Vacuum loader, Suction
    Machine with vehicle, Garbage disposal vehicle,
    Pay Use toilets etc.
  • Interest 4 to 6 p.a under interest subvention
    scheme.
  • Repayment Within 5 to 7 years including
    moratorium.

8
Differential Rate of Interest (DRI) Scheme
  • Under this scheme need based financial assistance
    is offered to all those who intend to take up any
    productive activity.
  • Eligibility Criteria Family income not exceeding
  • Rs.24,000/- p.a in metropolitan/ urban/
    semi-urban areas
  • Rs.18,000/- p.a. in rural areas.
  • Loan Limit
  • Rs.15000 for any productive activity
  • Rs. 20000/- for housing loan.
  • Interest 4 p.a
  • Repayment Within 5 years for term loan.

9
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10
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